Banc of America Securities-Merrill Lynch Research, a unit of Bank of America Corp., announced Monday that it had hired Ethan Harris to head North America economics and David Bianco to head U.S. equity strategy.

Harris had been the chief U.S. economist at Barclays, formerly Lehman Brothers, since 2003. He is to be responsible for formulating and communicating the North America economic outlook and the Fed interest rate call and will work in partnership with Banc of America Securities' rates strategy research team on longer-term, yield-curve forecasts when he joins the company in September.

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